The Cooper Companies Inc. (COO)
Operating return on assets (Operating ROA)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 536,700 | 533,100 | 500,900 | 489,900 | 526,300 | 507,600 | 532,600 | 492,600 | 503,100 | 505,700 | 477,300 | 448,700 | 334,100 | 311,800 | 358,300 | 428,500 | 546,800 | 546,600 | 522,700 | 496,100 |
| Total assets | US$ in thousands | 12,032,600 | 11,658,900 | 11,697,300 | 11,539,500 | 11,561,100 | 11,492,300 | 11,552,100 | 11,778,000 | 11,662,500 | 9,606,200 | 9,610,600 | 9,013,800 | 8,921,900 | 6,737,500 | 6,748,400 | 6,510,000 | 6,548,500 | 6,274,500 | 6,172,800 | 6,203,400 |
| Operating ROA | 4.46% | 4.57% | 4.28% | 4.25% | 4.55% | 4.42% | 4.61% | 4.18% | 4.31% | 5.26% | 4.97% | 4.98% | 3.74% | 4.63% | 5.31% | 6.58% | 8.35% | 8.71% | 8.47% | 8.00% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $536,700K ÷ $12,032,600K
= 4.46%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates the efficiency of a company in generating earnings from its assets used in operations. The trend analysis of Cooper Companies, Inc.'s Operating ROA reveals fluctuations over the past quarters.
From Q2 2022 to Q1 2023, there was a slight decrease in Operating ROA from 4.61% to 4.55%. However, this was followed by an increase in Q2 2023 to 4.25%, indicating a temporary downturn in asset utilization efficiency. The company then experienced an improvement in Q3 2023 with an Operating ROA of 4.28%, which was further enhanced in Q4 2023 to 4.57%.
Despite the positive trend in the latter half of 2023, Cooper Companies, Inc. saw a slight decline in its Operating ROA in Q1 2024 to 4.46%. Overall, the company has maintained a relatively stable performance in terms of generating earnings from its operating assets, with fluctuations within a narrow range around the 4.5% mark over the analyzed periods.
Further analysis and comparison with industry benchmarks or historical data may provide deeper insights into the company's operational efficiency and asset utilization.
Peer comparison
Jan 31, 2024